Is the stock market open on Saturday i.e. May 18, 2024? what is the purpose of Saturday special trading session. Know timings and activities will be operational tomorrow on stock market.
Is the stock market open on May 18, 2024? Stock exchanges BSE and NSE are going to conduct a special trading activity in the equity and equity derivative segments tomorrow, May 18. But the Stock market will not be opened in its regular hours, but only within the specific timings as mentioned by the NSE & BSE.
Special live trading session will be conducted on Saturday, May 18 to check preparedness to handle major disruption or failure of the primary site.
Saturday Special Live Trading Session Date And Time
The special trading activity will be conducted in two sessions on Saturday, May 18 in two parts. The first session will begin at 9:15 am and conclude at 10 am, 2nd session which will start at 11:30 am and conclude at 12:30 pm.
What Is The purpose Of Saturday Special Session (18th May)
During these trading sessions on Saturday an intraday switchover will be conducted from the primary site (PR) to the disaster recovery (DR) site, according to the exchange.
Why Are There Two Separate Sessions?
In the first session trading will be carried out from the primary site whereas in the second session it will be performed from the disaster recovery site, according to the exchanges.
What Is Operational During Saturday Special Trading Session?
- In the May 18 session all securities, NSE & BSE said is separate circular that, those available in the derivative segment, will have a maximum price band of five per cent, and “no flexing of securities or futures contracts” will be applicable on that day.
- Securities already in the two per cent or lower price bands will continue to be available in their respective bands.
- “The price band for equity segment and futures contracts which will be applicable at the start of the day at the PR site, shall be applicable at the DR site too. Accordingly, the same shall be the reference price range for the pre-open session in the equity segment at the DR site,” both exchanges said.
- Any changes in the price bands of options contracts due to market factors up to the close time at the PR site would be carried forward to the DR site, it added.
- Typically, switching to the disaster recovery site is done to ensure business continuity in the case of a major disruption in trading activity.
Full Schedule Of Saturday Trading Sessions On May 18 (As per NSE)
Capital Market Segment
